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Exciting new Invitation to be a part of this incredible renovation of an income generating rental home
Offering 12% for Rental Backed Micro loan (HELOC) on this single family home
All homes are upgraded to include new flooring throughout, modern paint and lighting, refreshed landscaping with upgrades to kitchens and bathrooms.
Offering 12% Simple interest on $30,000 investment with a 5-7 year term
Simple House Capital is a full-service Real Estate Investment Company that specializes in buying distressed single family residential properties, remodeling and renting them in Texas, Alabama, Georgia, North Carolina, Kansas City, Arkansas and Pennsylvania. Principals, Dwight Harrison and Brandon Bachik, have successfully completed over 1,200 transactions in the past 10 years.
$30,000
Apr 19, 2024
Exciting new Invitation to be a part of this incredible renovation of an income generating rental home
Offering 12% for Rental Backed Micro loan (HELOC) on this single family home
All homes are upgraded to include new flooring throughout, modern paint and lighting, refreshed landscaping with upgrades to kitchens and bathrooms.
Offering 12% Simple interest on $30,000 investment with a 5-7 year term
Simple House Capital is a full-service Real Estate Investment Company that specializes in buying distressed single family residential properties, remodeling and renting them in Texas, Alabama, Georgia, North Carolina, Kansas City, Arkansas and Pennsylvania. Principals, Dwight Harrison and Brandon Bachik, have successfully completed over 1,200 transactions in the past 10 years.
$30,000
Apr 19, 2024
Exciting new Invitation to be a part of this incredible renovation of an income generating rental home
Offering 12% for Rental Backed Micro loan (HELOC) on this single family home
All homes are upgraded to include new flooring throughout, modern paint and lighting, refreshed landscaping with upgrades to kitchens and bathrooms.
Offering 12% Simple interest on $30,000 investment with a 5-7 year term
Simple House Capital is a full-service Real Estate Investment Company that specializes in buying distressed single family residential properties, remodeling and renting them in Texas, Alabama, Georgia, North Carolina, Kansas City, Arkansas and Pennsylvania. Principals, Dwight Harrison and Brandon Bachik, have successfully completed over 1,200 transactions in the past 10 years.
$30,000
Apr 19, 2024
(Better format with clickable links available in DOCUMENTS section) Will probably settle on 2/10.
Actually just got 3 properties under contract, but one is already funded. We have 2 houses under contract now that we’re looking to fund:
511 N. Loudon Ave.
Baltimore, MD 21229
https://www.redfin.com/MD/Baltimore/511-N-Loudon-Ave-21229/home/10969106
https://share.icloud.com/photos/0dfUvZPfiZf84Ecbkd3mft1kA
511 N Loudon Ave
purchase $ 105,000.00
closing costs 8% $ 8,400.00
rehab $ 55,000.00
total purchase $ 168,400.00
sell $ 205,000.00
selling fees 5.5% $ 11,275.00
profit $ 25,325.00
return% 15%
70% LTV $ 143,500.00
COMPS (from my agent who usually sells/lists my properties)
https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=DE-1948825989842&eml=dG9tQHRoZWF0d29vZHRlYW0uY29t
We would like to borrow $150k (~73% of ARV which is 205k), and need it by next week probably (around 2/10).
These deals usually take us about 6 months to flip/renovate/etc but we like to do a 1 year term to be safe, and we’ve done the loans in 2 ways, but can discuss other possible terms:
Option 1 Terms: (just like a bank/lender with a loan/mortgage secured by a property)
$150,000
1 year loan
10% annual rate, interest only
$1250 monthly payment
Loan Doc Fees to title attorney, David Miller (Terrain Title) will be paid by me
Pro-rate the interest for the current month, based on the day we settle, and I’ll pay at settlement.
Lender/investor will put a lien on the property at settlement (we’ll cover the cost) and I will also be buying an additional Title Policy to protect the lender
I also include a personal guarantee and confession of judgement
Lender also listed as “additionally insured” on my insurance policy
If you’d like to invest with us, but only part of the 140-150k, please let me know.
I can share an excel file with my track record (about 70 properties in Baltimore since late 2016), and also prepare a detailed estimated budget for this property, if requested.
If you or anyone else you know would like to earn a 10% annual return on their real estate investment, completely passively, please let me know soon. Thanks!
$150,000
Feb 2, 2024
6402 Lauren LN Pearland, TX 77584 | 4 Bed 3 bath | Purchase Price: $241K (Subject to) Interest Rate 3% | Term: 342 months remaining | PI: $1053.34 | Gross Rents: $3000 | Exit: Wrap | Net Revenue Before Payout: $2,963.76 | Gross Profit: $1,909.42 | Net Cash to Lender: $1,608.78/month | Net Cash to Borrower AFTER Lender distributions: $300.64 | COE: October 30th, 2023 | Note covers total entry fee (Cash to seller, closing costs, arrears, 3 months of holding costs) | Connect with me further on Socials: https://www.jonathannewsome.com
$44,500
Oct 5, 2023
10331 Lone Pine Ln, Fort Worth, TX 7610
3 Bed 2 bath (to be converted to 5-6 bed, 3 Bath)
Purchase Price: $291K (Subject to)
Interest Rate 6%
Term: 29 Year Mortgage
Equity before Renovations: $52K
Value Room Additions: $371K
Equity After Renovations: $80K
PITI: $2,847
Gross Rents for By the Bedroom Model: $4900 (1100 x 2, 900 x 3)
Net Revenue Before Payout: $2053($2753 if 6 bed)
Annualized: $24,636 ($33k if 6 bed)
COE: September 27th
Note covers total entry fee
(Cash to seller, closing costs, commissions to agents, renovations, 3 months of holding costs, and furnishings)
See a few of my rentals here:
https://app.tenantturner.com/listings/upliftalpha
Connect with me on LinkedIn:
https://www.linkedin.com/in/reed-clanahan-a2b53853/
$55,000
Sep 11, 2023
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